Zimbabwe bets on rate stability to boost FDI

For the ZiG to instill public confidence and ensure market stability before 2030, the RBZ should aim for a prudent target where gold reserves cover at least 25 to 30 percent of the ZiG’s total monetary base, as evidenced by international best practices.

THE government anticipates that sustained monetary policy and exchange rate stability will elevate investor sentiment and attract foreign direct investment (FDI) into the country. The country’s investment profile has been badly hurt by a volatile macro-economic environment characterised by exchange rate fluctuations, inflation and price distortions among other factors.  In an interview with The Financial…

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